The other day, I was working from home and went with Mrs. T to drop off both kids at their schools in the morning. Since I usually get to work around 8:30 AM or earlier, I don’t get to drop off my kids at school. On the rare occasions that I do get to do that, both kids always enjoyed my presence. On that very day when I started walking with the kids, Baby T2.0 asked: “Daddy, why aren’t you going to work?” This gave me a chuckle.
Once we dropped off both kids at their schools (Baby T1.0 is in elementary school, Baby T2.0 is at preschool, different locations), Mrs. T and I held hands and walked back home together. Mrs. T then joked that when we are financially independent and not working, we could drop off the kids then go out for breakfast and do things that we wouldn’t be able to easily do today.
Her joke/comment got me thinking… What if we were financially independent today, and we could live life unscripted? What would I do instead?
About three and a half years ago I wrote a post called Fighting for Financial Freedom in which I guesstimated what my schedule would look like when we are financially independent and not working. My schedule looked something like this…
My life has changed a lot in three and a half years. For example, Baby T1.0 goes to school full time now, so I wouldn’t be able to play with him Monday, Wednesday, and Friday at 10:30 AM. I have realized that a set schedule may not always work. I have also realized that I like to have flexibility and freedom with my daily schedule.
So what are some things I’d do if I had more freedom to decide my daily schedule? Here are some of my ideas:
- Drop off kids at school each morning then pick them up in the afternoon.
- Sit down with a cup of tea in hand and read a book. Read for hours without feeling guilty about how I spend my time.
- Being able to watch a movie at a movie theatre in the middle of the day.
- Go grocery shopping at the local grocery stores or Costco in the middle of the day.
- Go skiing at one of the North Shore mountains on a weekday and take advantage of the cheaper lift tickets during weekdays.
- Go to the pool in the middle of the day and swim for 1-1.5 hours rather than having to get up at 5:15 AM and arrive at the pool around 6 AM.
- Not having to drive every day and dealing with rush hour traffic.
- Go hiking with Mrs. T.
- Go for a walk in the middle of the day without any destination in mind.
- Volunteer at a local charity or the local hospital.
- Go for brunch with Mrs. T at a local restaurant.
- Spend more time planning family trips or figuring out effective ways to travel hack.
- Having more time to work on personal projects.
- Go for a photo walk.
- Binge-watching a TV show.
- Pack a suitcase, go to the airport, and purchase the cheapest airfare without any destinations in mind.
And many more.
While I do practice being financially independent despite not being financially independent yet, I realized that my weekly schedule is currently heavily dictated by work. Although I do enjoy my job and what I do on a daily basis, I’ve realized that having freedom and flexibility of my day-to-day life is way more important and way more empowering.
So where does that leave us?
When it comes to my work, I am not ready to quit just quite yet. We are very focused on having enough passive income that would cover our annual expenses before making any major decisions. So for 2020, Mrs. T and I are very focused on reaching the $30,000 in annual dividend income goal. We are also very focused on optimizing our $54,906.02 annual spending further. After all, the more we earn and the less we spend means a faster path to financial independence.
Of course, we have to constantly remind ourselves not to go down the over-zealous path of extreme frugality. We want to be able to spend money to enjoy life too!
What about you? What would your life be like if it was unscripted and you were free from your day-to-day work responsibilities?